01.06.2009 - GCC Sukuk market on road to recovery
From Arabnews.com: The anticipated launch of IDB's $500 million international Sukuk this month and a huge improvement in the average price of and yield from Sukuk over the last four months is further evidence that the market is rallying fast and on track for a dramatic upturn in confidence over the next year. Economic and fiscal stimulus packages in the GCC countries, including the $10 billion bailout loan given to Dubai by the UAE Central Bank, the recent rally in world capital markets and rising crude oil prices, have impacted positively on the GCC Sukuk market in the past quarter.......Full Article: Source